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	<title>GregorWeekly &#187; Coal</title>
	<atom:link href="http://www.gregorweekly.com/tag/coal/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.gregorweekly.com</link>
	<description>A Macro Blog Running a Model Portfolio</description>
	<lastBuildDate>Fri, 30 Jul 2010 01:24:14 +0000</lastBuildDate>
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		<title>Not 2006: Model Portfolio Update</title>
		<link>http://www.gregorweekly.com/2010/07/08/not-2006-model-portfolio-update/</link>
		<comments>http://www.gregorweekly.com/2010/07/08/not-2006-model-portfolio-update/#comments</comments>
		<pubDate>Thu, 08 Jul 2010 16:33:12 +0000</pubDate>
		<dc:creator>Gregor Macdonald</dc:creator>
				<category><![CDATA[Model Portfolio]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[Coal]]></category>
		<category><![CDATA[ENY]]></category>
		<category><![CDATA[EWA]]></category>
		<category><![CDATA[FXA]]></category>
		<category><![CDATA[FXC]]></category>
		<category><![CDATA[FXF]]></category>
		<category><![CDATA[GLD]]></category>
		<category><![CDATA[KOL]]></category>

		<guid isPermaLink="false">http://www.gregorweekly.com/?p=2938</guid>
		<description><![CDATA[This article is for  subscribers.  To read, please pass through the membership gateway on the  Join Tab, at  the top of this page.]]></description>
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		<title>Gregor Weekly Macro Note: Saturday 12 December 2009</title>
		<link>http://www.gregorweekly.com/2009/12/12/gregor-weekly-macro-note-saturday-12-december-2009/</link>
		<comments>http://www.gregorweekly.com/2009/12/12/gregor-weekly-macro-note-saturday-12-december-2009/#comments</comments>
		<pubDate>Sun, 13 Dec 2009 04:04:11 +0000</pubDate>
		<dc:creator>Gregor Macdonald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Coal]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[GLD]]></category>
		<category><![CDATA[KOL]]></category>
		<category><![CDATA[MOO]]></category>
		<category><![CDATA[SLV]]></category>

		<guid isPermaLink="false">http://www.gregorweekly.com/?p=1132</guid>
		<description><![CDATA[Let&#8217;s talk about oil and coal: In the Summer of 2003, having already embarked on my oil journey, I took out a sheet of paper and started making notes on the global coal sector. To my initial astonishment, the entire listed market cap of coal names on the NYSE came in just shy of 30 [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-1140" title="Coal Seam" src="http://www.gregorweekly.com/wp-content/uploads/Coal-Seam.jpg" alt="" width="365" height="170" />Let&#8217;s talk about oil and coal: In the Summer of 2003, having already embarked on my oil journey, I took out a sheet of paper and started making notes on the global coal sector. To my initial astonishment, the entire listed market cap of coal names on the NYSE came in just shy of 30 billion. I knew nothing about coal at the time. But it was clear that 30 billion was an extraordinarily low valuation for the sector. The total BTU of energy represented by NYSE listed names would have been (and still is) gargantuan. And yet I believe just a single name, such as ConocoPhillips, had at that time a slightly larger market cap.</p>
<p>The US listed coal sector would go on from 2003 to roughly quadruple, into the highs of 2008. World coal consumption coming out of 2002 would lift, intensely, above the decade long flatline that had marked the previous decade. Of course, much of that advance would be driven not by the developed but by the developing world. Currently I have a couple of coal charts that are loaded into my main website, <a href="http://gregor.us/">www.gregor.us</a>. The first chart is that of <a href="http://gregor.us/wp-content/uploads/2009/12/97-07-China-Coal-Consumption-in-mtoe-and-mt.pdf">China&#8217;s coal consumption from 1997-2007</a>. The second document shows <a href="http://gregor.us/wp-content/uploads/2009/12/World-Coal-Consumption.pdf">total global consumption of coal</a> in the same decade, and also the previous decade. The charts reveal (in part) what happens when the new user of energy comes on line, and faces choices about which energy sources to use. More often than not, that choice is coal.</p>
<p>I bring this up as a way to probe further into that difficult mix of opposing, macro factors that I began to discuss week before last. You will recall that I see the following three trends as emergent, now that we are crossing into 2010: <span style="color: #3c3c3c; font-family: Helvetica,Arial,sans-serif; font-size: 14px; line-height: 19px; text-align: left;">(<em style="margin: 0pt; padding: 0pt;"><strong style="margin: 0pt; padding: 0pt;">this article continues for subscribers through the membership gateway, on the right side of this page</strong></em>)</span></p>]]></content:encoded>
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		<title>Cross Posting: Coal World</title>
		<link>http://www.gregorweekly.com/2009/12/04/cross-posting-coal-world/</link>
		<comments>http://www.gregorweekly.com/2009/12/04/cross-posting-coal-world/#comments</comments>
		<pubDate>Fri, 04 Dec 2009 12:39:47 +0000</pubDate>
		<dc:creator>Gregor Macdonald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Coal]]></category>

		<guid isPermaLink="false">http://www.gregorweekly.com/?p=1048</guid>
		<description><![CDATA[Yesterday&#8217;s presentation from the Agoracom Online Gold and Commodities Conference, Coal World, is up for accessible public viewing at the Agoracom website. &#124;  see: Coal World (Adobe Presenter slide deck and audio which opens and starts the presentation in a separate window) .
You can also read about this subject in a post published yesterday by [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-thumbnail wp-image-1049" title="Salgado Coal India" src="http://www.gregorweekly.com/wp-content/uploads/Salgado-Coal-India-122x142.jpg" alt="" width="122" height="142" />Yesterday&#8217;s presentation from the Agoracom Online Gold and Commodities Conference, <em>Coal World</em>, is up for accessible public viewing at the Agoracom website. |  see: <em><a href="http://s3.agoracom.com.s3.amazonaws.com/conference/GregorMacDonald/index.htm">Coal World</a></em> (Adobe Presenter slide deck and audio which opens and starts the presentation in a separate window) .</p>
<p>You can also read about this subject in a post published yesterday by the same title, at <a href="http://gregor.us/coal/coal-world/">Gregor.us</a>:</p>
<blockquote><p>The November issue of Gregor.us Monthly, <a href="http://gregor.us/newsletter/"><em>Coal World</em></a>, has now been published and it carries an unhappy message. I am forecasting that the world will not successfully transition from oil to a broad basket of renewable energy and power sources over the next twenty years. Instead, I strongly favor an outcome in which oil, the construction fuel for the global buildout of new power generation, becomes so expensive that the world becomes energy poor, and turns instead back to coal. In case you hadn’t noticed, the process of energy impoverishment has already begun.</p></blockquote>
<p>-Gregor</p>
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		<title>Readings: Tuesday 24 November 2009</title>
		<link>http://www.gregorweekly.com/2009/11/24/readings-tuesday-24-november-2009/</link>
		<comments>http://www.gregorweekly.com/2009/11/24/readings-tuesday-24-november-2009/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 16:48:51 +0000</pubDate>
		<dc:creator>Gregor Macdonald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[Coal]]></category>
		<category><![CDATA[Internittency]]></category>
		<category><![CDATA[Nuclear]]></category>
		<category><![CDATA[Peak Oil]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Suicide]]></category>

		<guid isPermaLink="false">http://www.gregorweekly.com/?p=929</guid>
		<description><![CDATA[
What Peak Oil Can Do for Climate Change: Chris Nelder, Get Realist.
Capital Journal – California&#8217;s Budget is Going to Be Dreadful: George Skelton, The Los Angeles Times.
Early Data Suggest Suicides are Rising: Murray and McKay, The Wall Street Journal.
Shifting the World to 100% Clean, Renewable Energy by 2030 &#8211; Here Are The Numbers &#8211; Jacobson [...]]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-935" title="Santa Monica Beach 1900" src="http://www.gregorweekly.com/wp-content/uploads/Santa-Monica-Beach-19001.jpg" alt="" width="620" height="400" /></p>
<p>What Peak Oil Can Do for Climate Change<span>: Chris Nelder, <a href="http://www.getreallist.com/what-peak-oil-can-do-for-climate-change.html">Get Realist</a>.</span></p>
<p><span>Capital Journal – California&#8217;s Budget is Going to Be Dreadful: George Skelton,<span> <a href="http://www.latimes.com/news/local/la-me-cap23-2009nov23,0,1458845.column">The Los Angeles Times</a></span>.</span></p>
<p><span>Early Data Suggest Suicides are Rising: Murray and McKay, <a href="http://online.wsj.com/article/SB125892118623059701.html">The Wall Street Journal</a>.</span></p>
<p><span>Shifting the World to 100% Clean, Renewable Energy by 2030 &#8211; Here Are The Numbers &#8211; Jacobson and Delucchi (with links to White Paper and Scientific American Article): <a href="http://news.stanford.edu/news/2009/october19/jacobson-energy-study-102009.html">Stanford News Office</a>.</span></p>
<p><span> </span></p>
<p>Will Federal Stimulus Money Spark a High-Speed Rail Renaissance in the U.S.?: Larry Greenmeier, <a href="http://www.scientificamerican.com/article.cfm?id=high-speed-rail">Scientific American</a>.</p>
<p><span> </span></p>
<p><span> </span></p>
<p><span> </span>Intermittency and You &#8211; Do We Need Coal and Nuclear Plants for Baseload Power?: Dave Roberts, <a href="http://www.grist.org/article/2009-11-09-do-we-need-nuclear-and-clean-coal-plants-for-baseload-power/">Grist</a>.</p>
<p>-Gregor</p>
<p>Photo: Santa Monica Beach, with Railroad: circa 1900.<a href="http://www.theworldsbestever.com/2007/07/picture_of_the_day_93.php"></a></p>
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		<title>Podcast Picks: Friday 13 November 2009</title>
		<link>http://www.gregorweekly.com/2009/11/13/podcast-picks-friday-13-november-2009/</link>
		<comments>http://www.gregorweekly.com/2009/11/13/podcast-picks-friday-13-november-2009/#comments</comments>
		<pubDate>Sat, 14 Nov 2009 00:49:40 +0000</pubDate>
		<dc:creator>Gregor Macdonald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Anthropology]]></category>
		<category><![CDATA[Coal]]></category>
		<category><![CDATA[Collapse]]></category>
		<category><![CDATA[Green]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[War]]></category>

		<guid isPermaLink="false">http://www.gregorweekly.com/?p=826</guid>
		<description><![CDATA[Blackout: Coal, Climate and the Last Energy Crisis: Richard Heinberg, Financial Sense Newshour.
Seminars About Long-Term Thinking (SALT): Stewart Brand &#8211; Rethinking Green, The Long Now Foundation.
Collapse Dynamics: an interview with Noah Raford,  Jason Bradford&#8217;s Reality Report.
War, Inflation, Gold, and Collapse: interview with Marc Faber, Commodity Watch Radio (Frisby&#8217;s Bulls and Bears).
Yalman and Joyce: on the [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-829" title="Tarmac 2" src="http://www.gregorweekly.com/wp-content/uploads/Tarmac-2.jpg" alt="" width="445" height="297" />Blackout: Coal, Climate and the Last Energy Crisis: Richard Heinberg, <a href="http://www.financialsense.com/Experts/2009/Heinberg.html">Financial Sense Newshour</a>.</p>
<p>Seminars About Long-Term Thinking (SALT): Stewart Brand &#8211; Rethinking Green, <a href="http://www.longnow.org/projects/seminars/SALT.xml">The Long Now Foundation</a>.</p>
<p>Collapse Dynamics: an interview with Noah Raford,  <a href="http://www.energybulletin.net/media/reality-report-interview-noah-raford">Jason Bradford&#8217;s Reality Report</a>.</p>
<p>War, Inflation, Gold, and Collapse: interview with Marc Faber, <a href="http://commoditywatch.podbean.com/2009/11/02/dr-marc-faber/">Commodity Watch Radio (Frisby&#8217;s Bulls and Bears)</a>.</p>
<p>Yalman and Joyce: on the legacy of social anthropologist Claude Levi-Strauss, <a href="http://www.onpointradio.org/2009/11/claude-levi-strauss">WBUR On Point Radio</a>.</p>
<p>Natural Gas/Marcellus Shale: Walter Hang on Insufficient Regulation of NY State NG Drilling, <a href="http://i3.democracynow.org/2009/11/10/watchdog_new_york_state_regulation_of">Democracy Now Radio</a>.</p>
<p>-Gregor</p>
<p>Photo: <em>Tarmac 2</em>, aéroport de Paris-Roissy Charles de Gaulle, juin 2007, Yann Arthus-Bertrand: <a href="http://www.louiscarre.fr/artistes/yann-arthus-bertrand">Gallerie Louis Carre et Cie</a>.</p>
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		<title>Readings: Wednesday 16 September 2009</title>
		<link>http://www.gregorweekly.com/2009/09/16/readings-wednesday-16-september-2009/</link>
		<comments>http://www.gregorweekly.com/2009/09/16/readings-wednesday-16-september-2009/#comments</comments>
		<pubDate>Wed, 16 Sep 2009 14:26:49 +0000</pubDate>
		<dc:creator>Gregor Macdonald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[Cities]]></category>
		<category><![CDATA[Coal]]></category>
		<category><![CDATA[Shipping]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://www.gregorweekly.com/?p=259</guid>
		<description><![CDATA[The M-Shaped Recovery: Umair Haque, Harvard Business Review.
States of shock: The Automatic Earth.
Welcome to Earth’s ‘New’ Ocean: The Arctic: Andrew C. Revkin, NYT Dot Earth.
Living With Coal: David G. Victor and Richard K. Morse, The Boston Review.
California&#8217;s cash coming in below guesses: Steven E.F. Brown, San Francisco Business Times.
The Rise and Fall and Rise of [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-260" title="Ben Franklin Bridge -Clark" src="http://www.gregorweekly.com/wp-content/uploads/Ben-Franklin-Bridge-Clark1.jpg" alt="" width="373" height="376" />The M-Shaped Recovery: Umair Haque, <a href="http://blogs.harvardbusiness.org/haque/2009/09/the_mshaped_recovery.html">Harvard Business Review</a>.</p>
<p>States of shock: <a href="http://theautomaticearth.blogspot.com/2009/09/september-4-2009-states-of-shock.html">The Automatic Earth</a>.</p>
<p>Welcome to Earth’s ‘New’ Ocean: The Arctic: Andrew C. Revkin, <a href="http://dotearth.blogs.nytimes.com/2009/09/10/asia-europe-voyage-via-arctic-nearly-done/">NYT Dot Earth</a>.</p>
<p>Living With Coal: David G. Victor and Richard K. Morse, <a href="http://bostonreview.net/BR34.5/victor_morse.php">The Boston Review</a>.</p>
<p>California&#8217;s cash coming in below guesses: Steven E.F. Brown, <a href="http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/09/07/daily69.html?s=industry&amp;i=economic_snapshot">San Francisco Business Times</a>.</p>
<p>The Rise and Fall and Rise of U.S. Cities: Paul Kedrosky, <a href="http://paul.kedrosky.com/archives/2009/09/the_rise_and_fa_3.html">Infectious Greed</a>.</p>
<p>_______________________________________________</p>
<p>Painting: <em>Passage</em>, by Chris Clark. <a href="http://www.proximityart.com/Welcome.html">Proximity Gallery</a>, Philadelphia.</p>
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